Mitchells & Butlers Share Discussion Threads

[irenekent] 23/11/2013 12:11

Time for them to re-instate the dividend or maybe get taken over. This has gone nowhere for years.

[gscrawler] 12/10/2013 02:56

Just a disappointing August sent the shares into freefall. I think the market has overreacted on this one.

[skinny] 25/7/2013 07:08

Operating performance

Like-for-like sales growth increased to 1.6% in the third quarter. In the most recent 9 weeks, since the announcement of our Half Year Results, like-for-like sales growth was 2.0%.

Cash flow and balance sheet

There has been no material change to our financial position since the Half Year Results, with net debt broadly unchanged at £1.8bn. We have opened 11 new sites and converted 5 sites so far this financial year.

[major clanger] 24/5/2013 17:17

downgrade by HSBC:

http://www.brokerforecasts.com/news/article/articleId/4601582

[togglebrush] 23/5/2013 07:27

Interims out ; NO Divi AGAIN

[jeffian] 22/5/2013 13:52

#405,

"Old Hanson"? Remind me.

To be fair to MAB, they made one disastrous mistake in ever having any dealings with the awful Tchenguiz and the R20 project (a plan to split the valuable properties from the trading side) and, particularly, in entering into a swap agreement independently of the failed R20 deal which blew a massive hole in their balance sheet. Since then, the huge stakes acquired by Joe Lewis and Magnier in the fallout from the R20 deal resulted in a period of open warfare in the boardroom, with wholesale changes on several occasions as the major shareholders sought to impose their influence. If anyone is going to "make an opportunistic bid to take the company private", it is more likely to be Lewis/Magnier (as they tried to do in the past) than "management". In the meantime, it is amazing that the frontline management have done such a good job in keeping the trading side going with the mayhem and infighting going on over their heads.

[skinny] 22/5/2013 12:44

Results tomorrow.

[irenekent] 15/5/2013 09:06

Restaurant Group powering ahead on divi raised by 12%. Pity M&B are run by such a bunch of losers. Talk about taking the rug from under their feet - how much longer do we have to wait for some proper management? I certainly won't be voting for the remuneration report. We need positive action. Same PER, both shares started at 300p - MAB now 376p, Restaurant Group 506p and a 2.1% divi. Says it all really, maybe they will buy us out!

[libertine] 14/5/2013 13:28

14 May Mitchells &... MAB Numis Buy 379.60 366.10 400.00 450.00 Retains

[irenekent] 23/1/2013 10:01

This company has been ruined by incompetent directors. It used to trade on a par with the Restaurant Group but now are over 60p behind. It would be helpful if they reinstated the dividend rather than allowing the price to drop to a level where management can make an opportunistic bid to take the company private. Old Hanson must be fuming in his grave.

[hugh garss] 07/1/2013 10:35

Those Panmure anal-ysts are a class act with their sell recommendation at 270p!!

[volsung] 12/12/2012 15:58

Is not go down. I cry

[volsung] 11/12/2012 12:21

Go down now like the big drop in May. That would be class.

[volsung] 03/12/2012 13:31

I want these down to about 200p for my short

[hugh garss] 28/11/2012 06:26

Thanks for a more balanced view libertine. MAB added 50p after Panmures last sell recommedation!

[libertine] 27/11/2012 12:12

27 Nov Mitchells &... MAB Numis Add 313.05 331.00 400.00 400.00 Reiterates
27 Nov Mitchells &... MAB Oriel Securities Buy 313.05 331.00 - - Reiterates
27 Nov Mitchells &... MAB Shore Capital Hold 313.05 331.00 - - Reiterates
27 Nov Mitchells &... MAB Panmure Gordon Sell 313.05 331.00 225.00 225.00 Reiterates

[sparty1] 27/11/2012 11:08

Panmure Gordon has reiterated its 'sell' rating for pubs group Mitchells & Butlers after some worse-than-expected full-year results and a gloomy update on current trading.

The broker kept its 225p target price for the shares, compared with Monday's closing price of 331p, implying 32% downside potential.

[togglebrush] 27/11/2012 07:35

Final Results - see today's RNS

[matt123d] 09/10/2012 21:21

Raised to Buy from Hold at Peel Hunt

Raised to Overweight from Equalweight at Barclays

[jeffian] 08/10/2012 10:19

The problem is that the fewer shares left in free hands (i.e. not Lewis or Elpida), the less likely there is to be any substantial premium in any bid.

[hugh garss] 08/10/2012 06:30

Interesting...I wonder what Elpida's average price is for MAB and what price they will be prepared to sell to Lewis. I'm holding for another round of takeover action at a more realistic price of circa £3.50.

[libertine] 04/10/2012 11:40

Elpida increased their holding to 22.47% (92 million shares)by purchase of another 7 million shares

[northernlass] 23/9/2012 03:52

Undervalued By The City

NUMIS THINKS MITCHELLS & BUTLERS IS UNDERVALUED BY THE CITY

Analysts at Numis Securities are awaiting news of non-executive director appointments at pubs giant Mitchells & Butlers, which is due to deliver a trading update on Friday ahead of its full-year results in November. Numis thinks M&B is undervalued by the City, which isn't paying enough attention to the value of its estate.

Numis reiterates its BUY recommendation for M&B offering a target price of 350p.

P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[northernlass] 23/9/2012 03:50

Marston's Chief Jumps Ship

SHOCK AS MARSTON'S CHIEF JUMPS SHIP TO RIVAL M&B

A BURTON brewing giant has been left reeling after one of its senior bosses decided to jump ship and join a rival firm.

Marston's, based in Shobnall Road, has announced that chief operating officer Alistair Darby is leaving the firm to take up the role of chief executive at pub and restaurant company Mitchells & Butlers.

He has stepped down from the board with immediate effect and will leave the company at the end of the month.

He will then take up his new role on October 8.

Mr Darby joined the board of Marston's in 2003 and has served as chief operating officer since last year.

Mr Darby said: "Mitchells & Butlers is a market-leading business with tremendous potential that is well advanced on a transformation programme.

"I am excited by the opportunity to lead the company and, together with the management team, to build on its strong estate, brands and operations."

Mitchells & Butlers executive chairman Bob Ivell said: "The board and I are all delighted to announce the appointment of Alistair as chief executive following an extensive and rigorous search process.

"I am confident that we have secured the right person for the role and that drawing on his wealth of operational and brand experience, Alistair will contribute greatly to the firm's continued strong performance."

Read the full story here: